The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Trade, Except Of Motor Vehicles And Motorcycles 47 - Retail trade, except of motor vehicles and motorcycles
9,000 jobs Number of planned job losses
Announcement Date
20 March 2023
Employment effect (start)
20 March 2023
Foreseen end date
30 April 2023
Description
E-commerce and retail multinational Amazon has announced a global restructuring plan to cut 9,000 jobs form it's workforce. This global restructuring is closely linked to the 18,000 job cuts announced as part of a global restructuring in January, now totalling 27,000 job cuts in the first three months of 2023. The restructuring will target Cloud and advertising departments. The company's streaming service Twitch will also see 400 employees made redundant. The CEO has stated locations and exact units impacted will be finalised in April, 2023.
During 2023, the ERM database has recorded the announced global dismissal of 18,000 employees (Amazon 2023-WO), and a closure in Germany cutting 600 jobs (Amazon 2023-DE).
Eurofound (2023), Amazon, Internal restructuring in World, factsheet number 108728, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/108728.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
